We use cookies to improve site performance and enhance your user experience. If you'd like to disable cookies on this device, please see our cookie management page.
If you close this message or continue to use this site, you consent to our use of cookies on this devise in accordance with our cookie policy, unless you disable them.

Close

registration required

or
for more website access

This content can only be viewed by subscribers and registered users of Investors Chronicle.

Subscribe or register free today

Awaiting direction

There’s an old trading maxim that volatility happens around the highs and lows of moves. We’ve certain seen a fair bit of that over recent sessions, so perhaps a high is or has formed. After the strong run in equities we’ve had in 2013 so far, this would not be especially surprising around now. A bit of Eurozone-angst makes an obvious trigger for a bout of selling to occur. However, I firmly believe it’s important to keep an eye on the bigger picture. European equities remain cheap and the ECB has scope for further monetary intervention if the markets seize up again.

I am playing wait-and-see with the indices, but certainly am not averse to shorting if the opportunities arise, despite my bullish big-picture view. I would buy EURGBP and sell GBPUSD today too.

Click here for PDF version.

registration required

visible-status-Registered story-url-Euro_190213.xml

By Dominic Picarda,
27 February 2013
07:25:14

Print this article

Dominic Picarda

Dominic Picarda is a CFA charterholder and a Chartered Market Technician. He has co-ordinated the IC's charting coverage for four years. He is a frequent speaker at seminars and other trading events.

IC columnists

Simon Thompson

Simon Thompson

Winning stock and trading ideas from the creator of the Bargain Portfolio

The Trader

The Trader

Technical analysis and market calls from our in-house charting expert

Mr Bearbull

Mr Bearbull

Sound advice on running portfolios from an experienced commentator

Smart Money

Smart Money

Practical advice to help you plan your future

Chris Dillow

Chris Dillow

Incisive economic commentary plus thoughts on investor behaviour

Property Matters

Property Matters

Comment on the ups and downs of property investments, with a particular focus on the perennially popular world of buy to let

The Editor

The Editor

Commentary on markets, world affairs and everything to do with investing

Chronic Investor Blog

Chronic Investor Blog

Our light-hearted take on the world of investing

Advertiser reports

Register today and get...

Register today and get...
Please note terms & conditions apply